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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 1996
HERSHEY FOODS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware I-183 23-0691590
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
100 Crystal A Drive, Hershey, Pennsylvania 17033
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 534-6799
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INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
On February 6, 1996, Hershey Foods Corporation (the "Corporation")
announced that its Board of Directors approved a share repurchase program
to repurchase up to $200 million of the Corporation's Common Stock. It is
expected that the acquisition of the shares will occur through open market
purchases and/or through privately negotiated transactions. The shares
acquired pursuant to the repurchase program will be held as Treasury
shares. A copy of the press release dated February 6, 1996 announcing the
repurchase program is incorporated herein by reference and a copy is filed
herewith as Exhibit 99.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Dated: February 9, 1996
HERSHEY FOODS CORPORATION
By /s/ William F. Christ
William F. Christ
Senior Vice President and
Chief Financial Officer
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Exhibit Index
Exhibit No. Description
99 Press Release dated February 6, 1996
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Exhibit 99
FOR IMMEDIATE RELEASE CONTACT:
February 6, 1996 Natalie D. Bailey
717-534-7631
FINANCIAL CONTACT:
James A. Edris
717-534-7556
The following information was released to the news media today
HERSHEY, Pa. --- The Board of Directors of Hershey Foods
Corporation today declared a regular quarterly dividend of $.36
on the Common Stock, and $.325 on the Class B Common Stock. The
dividends are payable March 15, 1996, to stockholders of record
February 23, 1996. It is the 265th consecutive regular dividend
on the Common Stock and the 46th consecutive regular dividend on
the Class B Common Stock.
The Board of Directors today also approved an authorization to
acquire, from time to time in the open market or through
privately negotiated transactions, up to $200 million of its
Common Stock. This authorization, which follows a $200 million
program authorized in mid-1993, will be funded by the strong cash
flow of the Corporation. The shares of the Common Stock acquired
by the Corporation will be held as Treasury shares.
